Susan G. Komen for the Cure, a U.S. breast cancer nonprofit, has announced that it will accept bitcoin donations in its fight against the illness.
Komen said in a statement today that for the program, it has worked with The Giving Block, an online platform that allows non-profits and charities to receive cryptocurrency payments.
Notably, Komen will issue tax receipts to those who donate cryptocurrency to the fight against breast cancer.
“We are excited to welcome donors who want to support the mission of Susan G. Komen to end breast cancer through cryptocurrency and appreciate the partnership with The Giving Block to make this possible.”
Susan G. Komen for the Cure is a non-profit breast cancer organization based in the United States that is dedicated to eradicating breast cancer worldwide while also saving lives.
The organization advocates for breast cancer sufferers throughout the world by doing high-quality research and providing appropriate information and care to aid in the disease’s treatment.
Taxation has previously been a major concern for high-net-worth donors, as they are required to pay a large tax when making large crypto payments.
Giving Block, on the other hand, announced last month the debut of a service in conjunction with Taxbit to help individuals and institutions lower their tax exposure when donating substantial sums of cryptocurrency.
With cryptocurrency popularity still gaining momentum, several nonprofit organizations and charities have opted to accept the asset class from donors. UNICEF is one of the organizations accepting cryptocurrency donations, in its effort to fund open source technology that will be beneficial to children and young people globally.